Are there stocks available now that are priced low that could increase the same amount?
In: Economics
~~Absolutely they were regarded as penny stocks.~~ Penny stocks are generally traded at under $5.00 and ~~NVidia and Apple were both under $2 in 2004.~~
*NVDA was trading between ~$10-28 in 2004 and AAPL share prices through 2004 were ~$21-68, so they were not penny stocks.*
Penny stocks are usually traded OTC, or over-the-counter. That means they aren’t traded via the major exchanges, but by a trader-broker network.
There are plenty of stocks available at under $5 that could be worth a fortune in 20 years. If you could go back in time and predict that certain stocks were head and shoulders above the rest, you would be well off if you bought and held them. Guessing which stocks will be great investments to hold? That’s up to you.
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